REM/CHM Loans
Published by First Country Bank on Wednesday, December 20, 2006 at 5:52 PM.
These are secured short-term business or multi-purpose loans with real estate property or vehicle as collateral.
For:
Entrepreneurs or professionals who need extra cash for business or personal needs.
Eligibility:
1.67% per month
Fees:
Service charge
Handling fee
Appraisal fee
Notarial fee
Documentary stamp tax
Credit life insurance
Minimum Loan:
P50,000
Maximum Loan:
Up to 50% of appraised value of property
Minimum Term:
6 months
For:
Entrepreneurs or professionals who need extra cash for business or personal needs.
Eligibility:
- Full-time employees and self-employed individuals
- With real estate (residential lots within Metro Manila and CALABARZON) or private vehicle as collateral
- Filipino citizens between 21 to 65 years old
- With primary residence or place of work in Pasig, Mandaluyong, or San Juan
- Minimum household gross monthly income of P50,000
- Affordable interest
- Quick approval process
- Convenient payment via post-dated checks
1.67% per month
Fees:
Service charge
Handling fee
Appraisal fee
Notarial fee
Documentary stamp tax
Credit life insurance
Minimum Loan:
P50,000
Maximum Loan:
Up to 50% of appraised value of property
Minimum Term:
6 months
Labels: Loans
